A record twelve investors from Europe, Israel and the Middle East appear on the 2022 global Midas List. Here’s what some of the region’s top listmakers say is driving the venture boom, from Accel and Index to Sequoia and Seedcamp.
To an outsider, Europe’s tech IPOs of 2021 — not just UiPath and Wise, but also monday.com and Deliveroo — and massive valuations reached for still-private companies like Swedish fintech Klarna and Germany software maker Celonis may seem like a sudden flurry. But for the European investors that have reaped the highest rewards, it’s been a long time coming.
Many of Europe’s Midas investors set up shop in London. But one secret to their success: getting out of the U.K.’s capital city. “I took a very ‘United States of Europe’ approach,” says Sohoni, who found UiPath in Bucharest. “I didn’t think of Romania being so different from London, or Paris from Copenhagen.”
Europe’s fractured market of a range of nations and languages has also helped in the long run in supercharging some startup categories, others argue. “I think that in certain areas like fintech, Europe is actually leading the charge,” says Sequoia’s Luciana Lixandru . Three of the world’s largest fintech companies besides Stripe, valued by investors at $95 billion, are currently based in Europe: Stockholm-based Klarna , London-based Checkout.com and London-based Revolut .
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